Essential Considerations when Negotiating Leases for Power Centres The Canadian Institute, Hyatt Regency Hotel, Montréal, June 12 and 13, 2008 Speaker(s) Carsley Fredric L. Fredric L. Carsley was one of the guest speakers at The Canadian Institute 3rd Advanced Conference on Commercial Leases which took place on June 12 and 13, 2008 at the Montreal Hyatt Regency Hotel. Recognized as a leader in the highly specialized are of commercial centres, Mr. Carsley gave a talk entitled “Les considérations spéciales et essentielles lors de la négociation des baux dans des méga centres (power centres)”. He spoke of: New developments, challenges and trends in the lease of premises in mega centres Standard clauses included in such leases to avoid unpleasant surprises Leases of anchor tenants, servitudes with shadow anchors and the impact on other tenants The relationship between anchor tenants and shadow tenants and the documentation necessary to reduce conflicts – operational challenges which should be addressed Exclusive use clauses, exclusivity, restrictive clauses and servitudes: how to interpret them and ensure compliance with them